# LCMS Convention Proceedings_St. Louis Missouri_1935_S298
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

286 Proceedings of Thirty-Sixth Regular Convention,

¢) “Pension Fund.” The fund to be created by the regular pay-
ments of the “workers” (see below under f), combined with the pay-

d) “Annuity,” The sum that shall be payable annually to a bene-
ficiary. The annuity may be payable in regular monthly or quarterly

e) “Pension System.” The System to be proposed under which
certain benefits are to be assured those enrolled under the system who
attain a stipulated age or who may otherwise become subject to its
operations,

f) “Workers,” Regularly called professors, pastors, missionaries,
and teachers who are members of the Synod.

Pension System,

4a. Every worker will become a beneficiary under this system by
paying to Synod for the pension fund a sum equal to 4 per cent, of

be added thereto when computing the 4-per-cent, Payments to the
Pension fund. AJ] such payments of the workers shall be credited to
their respective individual accounts, and the sum of such payments
shall be held in trust by Synod for the respective workers, each of
whose accounts shall be regularly credited With interest at the rate
that interest is earned by the pension fund. Any worker may make